Speak often enough to CEOs of companies that make things and you realize how divorced macro debates can be from micro realities. “Leave China, just restart in Vietnam, Bangladesh, India, Indonesia” is a world of lollipops and rainbows that exists only on Twitter and cable news.
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I don't see it that way. I talk to lots of companies in lots of industries. Yes, all have moved parts of their business -- Vietnam, Indonesia, many more. All have problems. All struggle with conditions that are not identical across Asia. Almost none are in China for labor cost.
See what, what way? People like to complain. Labor is cheaper outside of China but supply chain sucks. Check out this poll of 24 cos manufacturing at scale in China:https://twitter.com/Molson_Hart/status/1157285487343820800 …
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What don’t I see? I don’t see that CEOs and businesspeople with decades of experience in a dozen countries across Asia “don’t know what they’re talking about” when they discuss their own business. I’m certainly glad that what worked for you worked for you and wish you success.
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You might not understand this as someone who has spent a lot of time in government/academia but there are PLENTY of fortune 500 CEOs who have NO IDEA how manufacturing/supply chains work. Also, I didn't say they all don't know what they're talking about. Others are lying.
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